2023-09-30-accounts

Cherry Tots Pre-School

Name of meeting: Cherry Tots Committee Meeting	Name of meeting: Cherry Tots Committee Meeting	Name of meeting: Cherry Tots Committee Meeting
Heading	Note
Name of meeting	AGM
Location	Cherry Tree
Date	10/06/2024
Time/Duration	7.30pm
Chairperson	Mell Webster
Purpose of meeting	Annual General Meeting
Minutes taken by	Carol Quincey
Attendees
Name		Organisation
Carol Quincey		Cherry Tots Manager / Nominated Person
Andrea Mellor		Bookkeeper
Mell Webster		Chairperson
Michelle Arnold		Treasurer / Fundraiser
Apologies
Name		Organisation
Michelle Toplis		Secretary

Cherry Tots Pre-School

Agenda	Items
Item No	Item	Action	When By
1	Welcome / Apologies / Introductions The Chair, Mell Webster opened the meeting by welcoming those present & accepting Michelle Toplis (Secretary) apologies. The Chair announced that a quorum was present for the meeting. Mell outlined details of the meeting with Bev Barker on 24/4/2024 regarding Cherry Tots change of status to a CIO and confirmed everyone at the meeting was in agreement that this would be in Cherry Tots best interest. Also discussed was the delay in the building work as a project manager hasn't yet been appointed. Bev had suggested during a previous meeting that we look for alternative premises whilst the building work is carried out but after researching possible venues Carol concluded there weren’t any appropriate venues available. Mell stated that this issue would be discussed at the next meeting with Bev. The Chair asked that the minutes of the previous meeting on 28/03/2024 be circulated with the agenda, be taken as read and signed as an accurate record of the meeting.
2	Election of Roles All elected committee are staying in their current positions.

Cherry Tots Pre-School

Agenda	Items
3	Bookkeepers Report Balance on current account £11,267.00 Balance on savings account £41,127.91 New rates of pay as discussed at the meeting on 28/3/2024 have been agreed by staff and were implemented from 1/4/2024. Last year was an exceptional year for profit and this has put us in a very good position going forward with the proposed transition to a CIO. Unfortunately, the accounts so far this year indicate only a tiny profit to date. This is mainly due to less funding and a higher wage bill. I will continue to monitor the situation.

Cherry Tots Pre-School

Agenda	Items
4	Carol’s Report 21 children currently on the register all are funded. No safeguarding issues at present. Update with new classroom refurb and CIO: I am still awaiting Bev Barker to set up another meeting with the committee with regards to the CIO. She has been off with a medical issue but has been in touch to say as she will get back to us ASAP with a date. We discussed again the changing the legal structure from an unincorporated association to a Charitable Incorporated Organisation (CIO). Although no parents were present at this meeting the ballot papers will be sent out on the 14th of June to all parents inviting them to agree or disagree with the motion. All completed forms are to be returned before Friday 28thJune. The EGM will then be arranged for week beginning 1stJuly. Mell proposed the EGM meeting Michelle A seconded the decision I am still completing all the other tasks e.g., resource list for two classroom and the Business Plan. As soon as I have made a dent, I will pass over to the committee to read and have their say and amend / add anything they can think that we might need. Carol talked about purchasing a strimmer and lawnmower as the new outdoor area is looking a mess and doesn’t look very good for the parents and new parents due to have their pre-visit. The committee agreed and ASAP to purchase both. Carol talked about the Paediatric First Aid that needed to be renewed in Oct has now been booked for 3rdand 10thof Aug. The Chair congratulated the preschool team for all their hard work, for their outstanding care of and dedication to the children and the engagement with the early year’s framework.	CQ CQ AM & CQ	On-going On-going ASAP

Cherry Tots Pre-School

Agenda	Items
5	Fundraising / Other Issues: Michelle talked about fund raising for the setting. The committee are aware that funding is an important issue and that they have to continually alongside the bookkeeper look at the school finances and have ideas for fundraising. Michelle talked how well the scavenger hunt went and we are still waiting for forms to be given back. Any money raised would go to paying for healthy snacks. Michell thinks this is why the response so far has been good. Any other business There being no further business the chair declared the meeting concluded. Next Meeting: - EGM to be arranged for week beginning 1st July Signed:M Webster(Electronic signature) Date: 11/06/2024	MA	On-going

ingard Accountancy Services 33 Lady Fronce5 Drive Morkel Rosen Lincolnshire, LN8 3JJ Tel.. [phone] E-moil= [e-mail] CHERRY TOTS PLAY SCHOOL STATEMENT OF ACCOUNrs FOR THE YEAR ENDED 30 SEFfEMBER 2023

HERRY TOTS PLAY SCHOOL ROFIT AND LOSS ACCOUNT OR THE YEAR ENDED 30 SEPTEMBER 2023 2023 2022 2022 ees and Vouchers ReceN 4.191 6,699 undraising Income CC Funding rants Receiv 37 73.￿1 39 49,577 57 77.329 56,372 ank Interest Receiv 12 77.614 56.384 ess Expenses :_ ages and Salaries ension Contribuiions oys and Educational Aids ent ates and Water 45,6Q 491 387 587 2.050 2,217 375 ight and Heat nsurart8 561 738 35 elephone ffice Expenses Repairs and Renewals ccountancy Subscripltons Professional Fees Bank Charg raining leaning 120 128 52 210 216 93 223 ,274 51,791 Net Profit- Loss for the Y& 21.340 4.593

CHÈRRY TOTS PLAY SCHOOL BALANCE SHEET AS AT 30 SEPTEMBER 2023 2023 2023 2022 2022 FIXED ASSErs CURRENT ASSErs Cash at Bank arKI in Hand 53,158 53.158 31.833 31.833 CURRENT LIABILITIES Creditors and Accruals 401 401 NET CURREKf ASSErs 52,772 31,432 T12 31,432 Financed by :" CAPITAL ACCOiINT Balance brought forward Net Profit for the Year 31.432 21,340 26.839 4,593 772 31,432 Report to Third Partles We have pre[￿r￿j the foregoing Profit Loss A(x￿unt frythe year erKt8J 30 September 2023 and Balance Sheet as a that date from the t￿kS vouchers. information explanations given to us ￿1h￿t carying out an audtt. and in 18 March 2024 Lir¥Jard AccOunt￿cY Serwices Accwntants

ingard Accountancy Services 33 Lady Fronce5 Drive Market Rasen ncolnshire, LN8 3JJ Tel: [phone] Our Ref . CAL I C40 E-moil- [e-mail] Date . 18 Ma￿h 2024 Andrea Mellor Cherry Tots Play Scknl 2 Ncwstead Avenue Chery WilRingbam Lincoln LN3 4AG Dear A￿e I have pleasure in enclosiDg the Accounts for the year ended 30 September 2023. These Accounts show a Net Profft of £ 21 J40. compared to last year's Net Ptofit of £ 4.593. The large increase in the Net Profit is due to a big incre&se in LCC Funding. Wages have in¢r¢ased but by nowhere near t￿ same nwgi If you Tequiie any further inforn]ation or explanatiODS in resFfCt of th¢se Ac(x)unts. ple&se do not hesitate to contact me. Finally, I ani taking the opwrtunity to t￿loSe my Invoice for your attentio￿ and your Paperwork is available for Collectio￿ &s soon as it is convenient for you. Yours sincerely Colin LIng￿d For and on behalf of Lingard Accountancy Services